Well Presented Restaurant For Sale In Warrington
- Asking Price: £49,995 +SAV
We are advised the business generated an advised turnover of approximately £624,000 while it was trading. However, the business closed down last year due to a leak.
Please quote reference B06523
- Tenure: Leasehold
Please quote reference B06523
Hilton Smythe are delighted to introduce to the market this leasehold restaurant.
Hani’z was an upmarket, multi cuisine restaurant but closed down last year due to a leak. This opportunity can easily continue trading as a restaurant, or for the site to be convenient into two separate businesses, including a large restaurant and a bar or cafe etc.
The business was founded by the current owner in 2020 when he identified a need in the area and a considerable amount of money was invested to ensure that this is arguably one of the nicest restaurants to come to the market for some years.
The business is now being sold, albeit reluctantly and with a heavy heart only due to our clients need to concentrate on his other business interests and is hopeful the new owner(s) can re-open the business and take this to the next level and realise it’s potential.
This 200 seater restaurant was only trading for five weeks when a flood forced it to close. The business is still closed.
The restaurant opened for business in June 2021 operating just five days a week. They have alcohol license but was unable to sell alcohol due to Covid restrictions. Now they can, the licence can be transferred to their name/business.
The business is being sold on a leasehold basis.
By opening seven days a week and with an alcohol licence the business should be taking £20,000 per week under an experienced new owner. The business previously offered an extensive menu comprising Indian and Chinese dishes that were lovingly prepared on the premises using local ingredients wherever possible.
The business can comfortably accommodate 200 people with the flexibility to add more covers if the demand is there.
The sale will include the company website and Facebook page and the business enjoys great visibility on the internet.
Reasons to Buy -
- Absolutely Prime trading position, highly sought after close to the Time Square development
- Ideal owner managed or partnership business
- Lends itself as a bolt on to an existing Hospitality business
- Current owner happy to offer a handover to ensure the continued success
- Strong social media presence with over 15,000 followers across all platforms. Very active across all platforms
- Over 2,000 customers registered to their email system to receive updates regarding the restaurant.
Fixtures and Fitting are not included within the sale price, but can be purchased by seperate negotiation.
This extraordinary business is likely to attract considerable interest.
N/A as its currently closed. When it was trading, it was run and managed by 4 full time kitchen staff and 5 full time serving staff.
Hani’z Restaurant is located in Warrington.
Warrington is a large town in Cheshire on the banks of the River Mersey. It is 20 miles east of Liverpool and 16 miles west of Manchester. The population in 2106 was estimated at 165,456 for the towns urban area and just over 210,014 for the entire borough.
The town lies close to the M62, M6 and M56 motorways and midway between Liverpool and Manchester airports.
The main shopping streets are Buttermarket Street, Horsemarket Street, Sankey Street and Bridge Street. Where these four streets intersect at Market Gate, there is a redevelopment with a large fountain and "guardians" (known locally as "the skittles") . The town also has a large indoor market which was redeveloped as part of the Time Square development which brought the return of a cinema in the town centre along with office spaces, desserts shops, brand new Complex which has Cineworld Cinema, Trampoline park, National chain Botanist restaurant, Nando’s, national chain Revolution Bar and Chester University Campus.
This is an excellent opportunity in a great location with over £150 million recently invested by Warrington Council in the heart of Warrington town centre.
The business is beautifully presented and maintained with clear visible signage and distinctive livery with a pleasing upmarket feel. There is a new multi storey car park less than 150 metres from the premises, which is free on Sunday and only £1 in the evenings.
Hani’z Restaurant occupies substantial premises ideally suited to the trade which have been fitted out to the highest possible standards including a comprehensively equipped catering kitchen and restaurant areas with high quality tables and chairs currently providing 200 covers but with potential for 300 plus if the restaurant area was removed and the business converted to an a la carte restaurant instead. The site is large enough to split into 2 units.
We are advised the business is being sold on a Leasehold basis with 9 years remaining on the current Lease. The rent will be £28,000 per annum for the first 12 months and then £36,000 per annum thereafter.